"It does happen," Varney said.

"...to get around that-"

"It does happen."

"My family uses those loopholes-"

"It does happen."

"I know for a fact that wealthy individuals are not paying 50%. But I wish that they were. Because morally, you asked me a moral question, I do believe that people who can afford to pay more should be paying  more in taxes, in order to help those who are impoverished and cannot-"

"More than half?" Varney said, astonished. "So somebody who goes out there and works hard, gets up at 4 o'clock in the morning, works all the way through the day, takes personal responsibility, works hard, lives the American dream, you think it's perfectly moral for a government to come along and take half of it, and say, 'I will spend it better than you. You don't deserve it.' That is American morality in the year 2010?" No, not spend it better than you. Very clearly, it's a redistribution of wealth-"

"I don't deserve to hold on to more ... just half of it? I don't deserve to hold onto half?"

Varney could easily have been talking about himself. Indeed, he does get up a little before 4 o'clock, works all through the day and is living the American dream.

Despite his strong political beliefs, he insists they don't interfere with his interpretation and delivery of the news. In fact, he gets downright testy if you call him a conservative newscaster.

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